The Oklahoma Insurance Department (OID) will host OK Captive Day, scheduled for 20 August at the Embassy Suites Oklahoma City downtown. The event aims to bring together captive owners, risk managers, industry experts and other professionals to learn more about the Oklahoma captive domicile and the captive industry as a whole. Earlier this year, the OID reported a 31 per cent net gain in licensed captive insurers in 2023, with the issue of 20 new licences and six dissolutions, bringing the total number to 59 in the domicile. The OID’s varied licence landscape includes 34 pure captive insurers, one association captive insurer and 14 special purpose captive insurers. There are also two sponsored captive insurers, four entity-protected, incorporated cells, one protected cell, and three series captive insurers.
